Russian stock market, crushed by war, will partially reopen

KIFI

Published March 23, 2022 4:10 PM

The Associated Press

NEW YORK (AP) — Russia plans to reopen its stock market for limited trading on Thursday, nearly one month after shares plunged and the exchange was shut down following the invasion of Ukraine. There will be heavy restrictions on trading intended to prevent the kind of massive selloff that took place on Feb. 24 in anticipation of crushing financial and economic sanctions from Western nations. Trading will be allowed in 33 of the 50 companies that are part of the country’s benchmark MOEX index, including air carrier Aeroflot, state-owned gas producer Gazprom and the oil company Rosneft. Stocks last traded in Moscow on Feb. 25.

Article Topic Follows: AP National Business

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Associated Press

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